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CAPSTONE INVESTMENT ADVISORS, LLC
Period ended Jun 30, 2026 · Latest filing Aug 17, 2026
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Jun 30, 2026: $54,040,010,271
More quarters will appear as history becomes available.
Top holdings
Top 10 at Jun 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- STATE STR SPDR S&P 500 ETF T · TR UNIT · 78462F103 · shares · PUT: $6,974,682,446
- INVESCO QQQ TR · UNIT SER 1 · 46090E103 · shares · PUT: $5,769,325,800
- NVIDIA CORPORATION · COM · 67066G104 · shares · PUT: $2,259,196,181
- INVESCO QQQ TR · UNIT SER 1 · 46090E103 · shares · CALL: $2,054,850,560
- MICROSOFT CORP · COM · 594918104 · shares · PUT: $1,792,696,818
- MICROSOFT CORP · COM · 594918104 · shares: $1,605,198,688
- NVIDIA CORPORATION · COM · 67066G104 · shares: $1,374,571,679
- WESTERN DIGITAL CORP · NOTE 3.000%11/1 · 958102AT2 · principal: $1,356,378,578
- APPLE INC · COM · 037833100 · shares · PUT: $1,212,389,464
- ISHARES TR · CORE S&P500 ETF · 464287200 · shares: $1,169,847,060
Reported holdings
1,641 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| JETBLUE AIRWAYS CORP | NOTE 2.500% 9/0 | 477143AR2 | — | 10,500,000 principal | $11,640,825 |
| AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 | — | 9,610,000 principal | $11,540,100 |
| ALPHABET INC | CAP STK CL A | 02079K305 | — | 32,227 shares | $11,516,963 |
| BOOKING HOLDINGS INC | COM | 09857L108 | PUT | 64,500 shares | $11,496,480 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | PUT | 57,100 shares | $11,455,402 |
| HALLIBURTON CO | COM | 406216101 | PUT | 337,300 shares | $11,451,335 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 | PUT | 250,000 shares | $11,432,500 |
| SERVICENOW INC | COM | 81762P102 | — | 114,841 shares | $11,401,414 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 | PUT | 56,400 shares | $11,387,160 |
| MODERNA INC | COM | 60770K107 | PUT | 161,600 shares | $11,316,848 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | PUT | 28,400 shares | $11,294,112 |
| TARGET CORP | COM | 87612E106 | PUT | 86,300 shares | $11,271,643 |
| ARISTA NETWORKS INC | COM SHS | 040413205 | CALL | 66,200 shares | $11,246,056 |
| CSX CORP | COM | 126408103 | PUT | 235,400 shares | $11,188,562 |
| 3M CO | COM | 88579Y101 | PUT | 68,100 shares | $11,026,071 |
| WELLTOWER INC | COM | 95040Q104 | PUT | 48,400 shares | $10,985,348 |
| BLACKROCK INC | COM | 09290D101 | CALL | 11,400 shares | $10,961,784 |
| PROGRESSIVE CORP | COM | 743315103 | PUT | 49,800 shares | $10,878,810 |
| SOUTHERN CO | COM | 842587107 | PUT | 113,400 shares | $10,853,514 |
| EMERSON ELEC CO | COM | 291011104 | PUT | 75,800 shares | $10,850,770 |
| KKR & CO INC | COM | 48251W104 | — | 117,885 shares | $10,819,485 |
| JANUS LIVING INC | CL A-1 | 471024109 | — | 375,000 shares | $10,777,500 |
| ALTRIA GROUP INC | COM | 02209S103 | PUT | 149,400 shares | $10,749,330 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | PUT | 22,500 shares | $10,745,325 |
| LOWES COS INC | COM | 548661107 | PUT | 48,300 shares | $10,649,667 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | CALL | 84,500 shares | $10,515,180 |
| ALCOA CORP | COM | 013872106 | — | 201,349 shares | $10,498,337 |
| WILLIAMS COS INC | COM | 969457100 | PUT | 140,100 shares | $10,415,034 |
| QXO INC | COM NEW | 82846H405 | — | 600,000 shares | $10,368,000 |
| FORTINET INC | COM | 34959E109 | PUT | 67,200 shares | $10,323,264 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | PUT | 136,800 shares | $10,321,560 |
| ALPHABET INC | DEP SHS RP1/20 A | 02079K404 | — | 160,040,000 principal | $10,178,000 |
| AT&T INC | COM | 00206R102 | — | 487,052 shares | $10,081,976 |
| ALPHABET INC | DEP SHS RP1/20 B | 02079K602 | — | 160,040,000 principal | $10,060,000 |
| MORGAN STANLEY | COM NEW | 617446448 | CALL | 48,000 shares | $10,033,920 |
| PROLOGIS INC. | COM | 74340W103 | CALL | 73,900 shares | $10,011,233 |
| NCR ATLEOS CORPORATION | COM SHS | 63001N106 | — | 230,300 shares | $9,997,323 |
| CORNING INC | COM | 219350105 | CALL | 38,200 shares | $9,757,426 |
| RTX CORPORATION | COM | 75513E101 | CALL | 51,400 shares | $9,752,122 |
| COMPASS INC | CL A | 20464U100 | — | 789,152 shares | $9,730,244 |
| MODERNA INC | COM | 60770K107 | CALL | 137,600 shares | $9,636,128 |
| COMCAST CORP NEW | CL A | 20030N101 | PUT | 392,500 shares | $9,635,875 |
| NORTHERN OIL & GAS INC | NOTE 3.625% 4/1 | 665531AJ8 | — | 10,000,000 principal | $9,606,000 |
| T-MOBILE US INC | COM | 872590104 | CALL | 57,100 shares | $9,577,383 |
| EXXON MOBIL CORP | COM | 30231G102 | — | 69,773 shares | $9,539,365 |
| TEXAS INSTRS INC | COM | 882508104 | CALL | 31,700 shares | $9,448,819 |
| CARDINAL INFRASTRUCTURE GROU | CL A | 14154A102 | — | 100,000 shares | $9,420,000 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 | PUT | 99,800 shares | $9,190,582 |
| AMPHASTAR PHARMACEUTICALS IN | NOTE 2.000% 3/1 | 03209RAB9 | — | 10,080,000 principal | $9,172,800 |
| KKR & CO INC | COM | 48251W104 | PUT | 99,900 shares | $9,168,822 |
| VISTRA CORP | COM | 92840M102 | CALL | 57,700 shares | $9,152,951 |
| ANGLOGOLD ASHANTI PLC | COM SHS | G0378L100 | — | 112,767 shares | $9,121,723 |
| EMERSON ELEC CO | COM | 291011104 | CALL | 63,500 shares | $9,090,025 |
| LENNAR CORP | CL A | 526057104 | CALL | 100,100 shares | $9,058,049 |
| STARBUCKS CORP | COM | 855244109 | CALL | 88,600 shares | $9,054,034 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | PUT | 266,200 shares | $9,050,800 |
| CME GROUP INC | COM | 12572Q105 | PUT | 40,800 shares | $9,009,864 |
| QUANTA SVCS INC | COM | 74762E102 | PUT | 12,500 shares | $9,000,500 |
| ORACLE CORP | 6.5 DEP CUM SR D | 68389X204 | — | 170,030,000 principal | $8,990,000 |
| GENERAL MTRS CO | COM | 37045V100 | PUT | 115,200 shares | $8,879,616 |
| SYNOPSYS INC | COM | 871607107 | PUT | 19,900 shares | $8,876,793 |
| UNITED RENTALS INC | COM | 911363109 | — | 7,832 shares | $8,872,794 |
| WELLS FARGO & CO | COM | 949746101 | — | 107,169 shares | $8,856,446 |
| ANALOG DEVICES INC | COM | 032654105 | CALL | 22,200 shares | $8,817,174 |
| SPDR SERIES TRUST | SP O&G EXPL PRO | 78468R556 | CALL | 57,000 shares | $8,792,820 |
| MARA HOLDINGS INC | NOTE 6/0 | 565788AH9 | — | 9,000,000 principal | $8,751,150 |
| COHERENT CORP | COM | 19247G107 | — | 22,170 shares | $8,745,400 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | CALL | 17,400 shares | $8,723,664 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | CALL | 16,900 shares | $8,679,840 |
| T-MOBILE US INC | COM | 872590104 | PUT | 51,500 shares | $8,638,095 |
| NRG ENERGY INC | COM NEW | 629377508 | CALL | 59,100 shares | $8,632,146 |
| MERCK & CO INC | COM | 58933Y105 | CALL | 66,800 shares | $8,583,800 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | CALL | 202,600 shares | $8,578,084 |
| CYTOKINETICS INC | NOTE 3.500% 7/0 | 23282WAC4 | — | 5,000,000 principal | $8,511,875 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 | PUT | 71,000 shares | $8,400,010 |
| FORGENT POWER SOLUTIONS INC | COM SHS CL A | 34631F102 | — | 150,000 shares | $8,379,000 |
| NEXTERA ENERGY INC | COM | 65339F101 | CALL | 95,400 shares | $8,373,258 |
| INVESCO EXCH TRADED FD TR II | KBW BK ETF | 46138E628 | CALL | 90,000 shares | $8,368,200 |
| ISHARES TR | EXPANDED TECH | 464287515 | CALL | 92,100 shares | $8,344,260 |
| FIRST SOLAR INC | COM | 336433107 | CALL | 35,000 shares | $8,258,600 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | CALL | 8,100 shares | $8,192,097 |
| BANK OF NY MELLON CORP | COM | 064058100 | PUT | 56,600 shares | $8,184,926 |
| MARATHON PETE CORP | COM | 56585A102 | PUT | 31,800 shares | $8,130,306 |
| CHEVRON CORPORATION | COM | 166764100 | — | 49,041 shares | $8,129,036 |
| CONOCOPHILLIPS | COM | 20825C104 | CALL | 78,100 shares | $8,119,276 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | PUT | 36,200 shares | $8,106,990 |
| COLGATE PALMOLIVE CO | COM | 194162103 | PUT | 88,400 shares | $8,104,512 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 | — | 276,454 shares | $8,094,573 |
| NEUBERGER NEXT GENERATION | COMMON STOCK | 64133Q108 | — | 488,681 shares | $8,082,784 |
| BLOCK INC | CL A | 852234103 | PUT | 106,300 shares | $8,078,800 |
| RIVIAN AUTOMOTIVE INC | NOTE 3.625%10/1 | 76954AAD5 | — | 7,500,000 principal | $8,007,934 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | PUT | 16,300 shares | $8,005,908 |
| SUPER MICRO COMPUTER INC | NOTE 6/1 | 86800UAF1 | — | 9,000,000 principal | $8,000,415 |
| VISTRA CORP | COM | 92840M102 | — | 50,358 shares | $7,988,290 |
| DATADOG INC | CL A COM | 23804L103 | PUT | 30,500 shares | $7,940,980 |
| STRYKER CORPORATION | COM | 863667101 | PUT | 25,200 shares | $7,933,968 |
| CRH PLC | ORD | G25508105 | PUT | 73,800 shares | $7,896,600 |
| MEDTRONIC PLC | SHS | G5960L103 | PUT | 99,900 shares | $7,815,177 |
| PRUDENTIAL FINL INC | COM | 744320102 | CALL | 71,500 shares | $7,716,995 |
| GABELLI DIVID & INCOME TR | COM | 36242H104 | — | 262,242 shares | $7,709,915 |